In the summer of 1923, Germany found itself in the grip of an intense revolutionary ferment. But this historic opportunity for the working class to seize power was squandered, with devastating implications, not only for Germany, but for the course of the world socialist revolution. In this article, marking the hundredth anniversary of the dramatic failure of the German Revolution in October 1923, Tatjana Pinetzki explains how this situation emerged, the mistakes of the leadership, and the impact of these events on world history.

By October 1919, the soviet republic in Russia was approaching its second anniversary. Since 1917, the Russian workers had taken the first steps towards communism. This remains one of the most extraordinary periods in human history. For the first time – in a country covering one sixth of the Earth’s surface – the capitalists and large landowners were expropriated. The economy was nationalised and placed under the control of the workers' state.